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Get latest articles and stories on India at LatestLY. The Enforcement Directorate on Thursday said it raided companies of the Essel Group in Mumbai and recovered "incriminating" documents as part of its ongoing money investigation linked to alleged diversion of funds worth over Rs 2,000 crore from Religare Finvest Limited (RFL). India News | ED Searches Essel Group Companies in RFL Money Laundering Case.

India News: Enforcement Directorate conducted searches on premises of three Essel Group companies in Mumbai based on a complaint by Religare regarding alleged money laundering. The investigation is related to the siphoning off of funds from Religare Finvest by Essel Group entities. The ED has recovered incriminating documents and recorded statements of officials. Essel Group denies any wrongdoing.

During the search, which is underway since this afternoon, the central probe agency questioned the company's officials. 

The Enforcement Directorate (ED) on Wednesday conducted searches at Essel Group Continental office in Mumbai, reported ET Now, citing sources.

The two entities could have potentially combined their linear networks, digital assets, production operations and programme libraries to create a mega entertainment firm if the deal had gone through. What happened?